Europe Pest Control Market is estimated to be growing at a CAGR of 5.01% by 2021Posted by rohan on September 26th, 2017 The Europe Pest Control Market was worth USD 4.46 billion in 2016 and estimated to be growing at a CAGR of 5.01%, to reach USD 5.91 billion by 2021. Pest control is the regulation and managements of different biological organisms that are harmful for human population either directly or by adversely affecting human activities. Common pests such as termites, cockroaches and certain reptiles affect the humans daily by interfering in agricultural, industrial and residential activities. For ensuring a hygienic lifestyle where pests affect day-to-day life the least, pest control management is carried out. Other than this, general pest control in homes is also a major business industry today. Browse Full Report @ http://marketdataforecast.com/market-reports/Europe-Pest-Control-Market-2922/ The fundamental objective behind pest control includes controlling the organisms that affect human activities adversely, without disturbing the ecosystem too much. Pest control is of the utmost importance in the agricultural industry where a single bad season can lead to global food shortage. At the same time, common pesticides cannot be used here as it may lead to undesirable changes in the produce. So, the pest control industry is one that hangs in the balance and too much or too less can drastically change outcomes across the region. Download Free Sample Report @ http://marketdataforecast.com/market-reports/Europe-Pest-Control-Market-2922/request-sample When it comes to drivers of the Europe pest control market, it is the upsurge in disposable income that predominates. The overall economic situation in the region leads to people spending more money on secondary requirements. Another factor that is prevalent across all regions is increasing human population. As human population increases the demand for land as well for food increases drastically. There is bound to be an inevitable collision between humans and wildlife as humans encroach upon more areas to live in. The increased demand for food means that the global produce is just enough to cover the entire human population, so any loss of crop produce to pests can collapse the entire demand and supply chain. Coming to the restraints to the industry in Europe, introduction of Biocides is a major factor. Most of the research on biocides is done in European region and as a result the products also come into the market here first. This poses a fierce competition to pesticides as the advantages of Biocides over it are numerous. Also, mergers and acquisitions are a frequent occurring in the region. This discourages companies from investing more into the industry. Market Segmentation Type
Pest Type
Application
Based on geography, the Europe market is classified into Italy, France, Germany, U.K, and Spain. Europe market has the second highest market share of all regions coming in at 25% market share. The CAGR is also below the global average coming in at 5.01%. Some of the major companies dominating the market, by their products and services include BASF SE (Germany), Rentokil (U.K) and Syngenta (Switzerland). In addition to this, US based companies such as Bell, Terminix, Ecolab and Dow also operate in the region. About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com Contact: Abhishek Shukla Sales Manager (International Business Development) Market Data Forecast Direct Line: +1-888-702-9626 Mobile: +91 998 555 0206 Mail: abhishek@marketdataforecast.com Like it? Share it! More by this author |